Buy HDFC Life Insurance, target price Rs 635: ICICI Direct

Buy HDFC Life Insurance, target price Rs 635: ICICI Direct
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Synopsis

HDFC Life Insurance Company Ltd., incorporated in the year 2000, is a Large Cap company (having a market cap of Rs 110466.10 Crore) operating in Financial Services sector.

Agencies
Promoters held 51.53 per cent stake in the company as of 31-Mar-2022, while FIIs owned 26.65 per cent, DIIs 7.47 per cent.
ICICI Direct has buy call on with a target price of Rs 635. The current market price of HDFC Life Insurance Company is Rs 517.6.

., incorporated in the year 2000, is a Large Cap company (having a market cap of Rs 110466.10 Crore) operating in Financial Services sector.

HDFC Life Insurance Company Ltd. key Products/Revenue Segments include Premiums Earned and Income From Investment for the year ending 31-Mar-2022.


Financials
For the quarter ended 30-06-2022, the company reported a Consolidated Total Income of Rs 6807.43 Crore, down -61.88 % from last quarter Total Income of Rs 17856.00 Crore and down -54.22 % from last year same quarter Total Income of Rs 14871.13 Crore. Company reported net profit after tax of Rs 328.79 Crore in latest quarter.



Promoter/FII Holdings
Promoters held 51.52 per cent stake in the company as of 30-Jun-2022, while FIIs owned 28.0 per cent, DIIs 6.58 per cent.
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